On 21 July 2022, at their most recent meeting, the monetary policy committee of the South African Reserve Bank (SARB) voted to increase the repurchase rate (repo rate) by 75 basis points to 5.5%, in other words by 0.75 of a percent. What is the repo rate exactly? As per the SARB website (https://www.resbank.co.za), “The repo rate is so called…
In last month’s article, I spoke about the limiting beliefs we all have about money that was formed whilst growing up. If you are serious about changing your current views about money, you need to challenge the beliefs you hold. However, challenging beliefs that have taken deep roots, can take time. There are reasons you believe the things you do…
It is often assumed that the “best” financial advice is suitable for everyone. People’s circumstances are unique and therefore a generic approach will not be suitable for everyone. We live in a digital age where social media is extremely popular with many self-proclaimed experts giving advice on various topics. Even in the field of financial and investment planning, we see…
Guest blog post today, by our fantastic accountant, Robin Botha. When entering into a loan agreement with your bank, it is common practice for them to insist that you sign a Surety. This may seem like just a normal admin requirement and most people will gladly sign it. But beware – Sureties can be extremely dangerous for your financial health!…